1. And Russian officials have already begun to explore the establishment of a multi-billion dollar fund to help stabilize the ruble. 2. Even if the reforms had been allowed to run their course, it would take years to get the ruble stabilized as a First World currency. 3. No one can fully account for what happened to the money, which was intended to stabilize the ruble. 4. Once the government stabilized the ruble, making imports more attractive, Hafizov and his partners moved into sugar refining with imported sugar beets. 5. Primakov Tuesday defended his record, saying he had stabilized the ruble and confounded pessimists who had predicted hyperinflation for Russia. 6. Surprised doubters in the West by tight-fisted budget policies that constrained inflation and stabilized the ruble. 7. The first phase came last year when the central bank successfully stabilized the ruble, thus eliminating the profitable currency speculation that had kept many small banks afloat. 8. The hope is that by making it impossible to buy dollars, the Russians could stem capital flight and stabilize the ruble. 9. The loan is intended to help stabilize the ruble and help the government meet its budget obligations. 10. The West also needs to provide dollars for a stabilization fund, so traders know that Russia has reserves to stabilize the ruble. |